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Date Submitted: 10/13/2016 11:47 PM
According to Stratistics MRC, the Global Autopilot Systems market is estimated to be $3.52 billion in 2015 with a CAGR of 7.07% is poised to reach $5.68 billion by 2022. Growing fuel efficiency and decreasing driver fatigue to examine forceful changes are anticipated to enhance the use of autopilot systems. Some of the key drivers impacting the demand for autopilot systems market include rising demand for aircrafts, increasing technological developments and increasing need for automation. However, stringent government regulations are creating a hurdle for the autopilot systems market. Moreover, DIY autopilot in unmanned vehicles is providing a tremendous growth opportunity over the forecast period.
In 2015, Software & System Integration segment dominated the autopilot systems market with a total share of 65% in global market owing to its liberalized flight routes and rising travelling demand in middle class population. Asia Pacific & Latin America are expected to grow at a significant growth rate. US is expected to dominate the global autopilot systems market over the forecast period.
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Some of the key industry players profiled in this market include Rockwell Collins, Honeywell, Genesys Aerosystems, Furuno, Garmin, Micropilot, Raymarine, and DJI.
Component Covered:
Global Positioning Service (GPS)
Software & System Integration
Gyros
Actuator
Type of Aircraft Covered:
Regional Jets
Narrow Body
Wide Body
Turboprop
Application Covered:
Defense & Homeland Security
Commercial Applications
Working Platforms Covered:
Subsea Platform
Land-Based Platform
Sea Platform
Airborne Platform
Different levels Of Controls in Aircraft Covered:
Single Axis
Two Axis
Three Axis
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry...